1,738 Shares in Wintrust Financial Co. (NASDAQ:WTFC) Acquired by Providence Wealth Advisors LLC

Providence Wealth Advisors LLC bought a new stake in shares of Wintrust Financial Co. (NASDAQ:WTFC) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,738 shares of the bank’s stock, valued at approximately $222,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Millstone Evans Group LLC purchased a new stake in shares of Wintrust Financial during the fourth quarter valued at about $43,000. Global Retirement Partners LLC lifted its position in Wintrust Financial by 63.5% during the fourth quarter. Global Retirement Partners LLC now owns 376 shares of the bank’s stock valued at $47,000 after acquiring an additional 146 shares during the last quarter. Versant Capital Management Inc boosted its stake in Wintrust Financial by 32.1% in the fourth quarter. Versant Capital Management Inc now owns 539 shares of the bank’s stock valued at $67,000 after acquiring an additional 131 shares in the last quarter. Brooklyn Investment Group acquired a new stake in Wintrust Financial in the third quarter valued at approximately $61,000. Finally, UMB Bank n.a. increased its position in shares of Wintrust Financial by 32.2% during the fourth quarter. UMB Bank n.a. now owns 677 shares of the bank’s stock worth $84,000 after purchasing an additional 165 shares in the last quarter. 93.48% of the stock is currently owned by hedge funds and other institutional investors.

Wintrust Financial Trading Down 0.9 %

Shares of NASDAQ:WTFC opened at $114.95 on Thursday. The firm has a market capitalization of $7.67 billion, a price-to-earnings ratio of 11.15 and a beta of 1.16. The business’s 50 day moving average price is $123.86 and its 200-day moving average price is $122.16. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.01 and a quick ratio of 1.00. Wintrust Financial Co. has a 1 year low of $91.38 and a 1 year high of $142.04.

Wintrust Financial (NASDAQ:WTFC) last posted its quarterly earnings data on Tuesday, January 21st. The bank reported $2.63 EPS for the quarter, beating the consensus estimate of $2.52 by $0.11. Wintrust Financial had a return on equity of 12.60% and a net margin of 17.52%. During the same period in the prior year, the company posted $1.87 earnings per share. On average, equities research analysts forecast that Wintrust Financial Co. will post 10.36 earnings per share for the current fiscal year.

Wintrust Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Thursday, February 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, February 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.74%. This is a boost from Wintrust Financial’s previous quarterly dividend of $0.45. Wintrust Financial’s dividend payout ratio (DPR) is presently 19.40%.

Analysts Set New Price Targets

A number of equities research analysts have commented on WTFC shares. Raymond James reiterated a “strong-buy” rating and issued a $150.00 price target (up from $135.00) on shares of Wintrust Financial in a research note on Thursday, January 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $152.00 price objective on shares of Wintrust Financial in a research note on Thursday, January 23rd. StockNews.com cut Wintrust Financial from a “hold” rating to a “sell” rating in a research report on Saturday, February 15th. UBS Group initiated coverage on Wintrust Financial in a research note on Tuesday, December 17th. They set a “buy” rating and a $157.00 price target on the stock. Finally, Piper Sandler lifted their target price on Wintrust Financial from $151.00 to $156.00 and gave the stock an “overweight” rating in a report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $133.69.

Insider Buying and Selling at Wintrust Financial

In related news, insider Richard B. Murphy sold 3,186 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $131.30, for a total transaction of $418,321.80. Following the completion of the sale, the insider now owns 48,814 shares in the company, valued at $6,409,278.20. The trade was a 6.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jeffrey D. Hahnfeld sold 416 shares of the company’s stock in a transaction on Tuesday, January 28th. The shares were sold at an average price of $130.95, for a total transaction of $54,475.20. Following the completion of the transaction, the executive vice president now owns 2,276 shares of the company’s stock, valued at approximately $298,042.20. The trade was a 15.45 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,178 shares of company stock valued at $1,336,315 over the last quarter. 1.47% of the stock is owned by company insiders.

About Wintrust Financial

Wintrust Financial Corporation operates as a financial holding company. It operates in three segments: Community Banking, Specialty Finance, and Wealth Management. The Community Banking segment offers non-interest bearing deposits, non-brokered interest-bearing transaction accounts, and savings and domestic time deposits; home equity, consumer, and real estate loans; safe deposit facilities; and automatic teller machine (ATM), online and mobile banking, and other services.